Arizona Bankruptcy Exemption

Homestead

33-1101 - Up to $150,000. Includes apartments and mobile homes; and sale proceeds up to 18 months after sale, or new home purchased, whichever occurs first. Husband and wife may not double. May record homestead declaration. §33-1102.

Personal Property - Subject to doubling

12-592 - Wrongful death awards.

32-1391.05 - Funeral deposits up to $5,000.

33-1123 - The following items up to $4,000 total: Two beds; one bed table, dresser and lamp; bedding; kitchen table and 4 chairs; dining table and 4 chairs; living room chair for each family member; couch; 3 living room tables and lamps; living room carpet or rug; refrigerator; stove; washer and dryer; one TV, radio or stereo; alarm clock; vacuum cleaner; family portraits; pictures, paintings, and drawings created by the debtor.

33-1124 - Food and fuel for 6 months.

33-1125 - Motor vehicle up to $5,000 (or $10,000 if disabled); clothing to $500; pets, horses, milk cows and poultry to $500; books to $250; wedding and engagement rings to $1,000; musical instruments to $250; watch to $100; health aids; and up to $500 total for bicycle, sewing machine, typewriter, burial plot, firearm and bible.

33-1126 - Proceeds for sold or damaged exempt property; prepaid rent or security deposit to lesser of $1,000 or 1.5 times rent (only if not claiming homestead); bank deposit to $150 in one account.

Wages

33-1131 - 75% of earned but unpaid net wages or 30 times the federal minimum hourly wage. Judge may allow more for low-income debtors.

Pensions

11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional and Roth IRAs up to $1,095,000 per person.

9-931 - Police officers.

9-968 - Firefighters.

15-1628 - Members of board of regents as well as administrative officers and faculty under the board's jurisdiction.

33-1126 - ERISA-qualified benefits, if deposited more than 120 days before filing. IRAs & Roth IRAs.

38-762 - Retirement and disability of state employees.

41-955 - Rangers.

48-227 - District employees.

Public Benefits

23-783 - Unemployment compensation.

23-1068 - Workers' compensation.

46-208 - Welfare benefits.

Tools of Trade

33-1127 - Teaching aids of a teacher.

33-1130 - Tools, equipment and books up to $2,500; Farm machinery, utensils, instruments of husbandry, feed, seed, grain and animals up to a total value of $2,500; and arms, uniforms and equipment you are required by law to keep. (Subject to doubling)

Insurance

20-877 - Fraternal benefit society benefits.

20-1131 - Life insurance proceeds if you have owned it at least 2 years and the beneficiary is a spouse or child.

20-1132 - Group life insurance policy or proceeds.

33-1126 - Life insurance proceeds if beneficiary is spouse or child, up to $20,000. Disability, accident or health benefits. Proceeds or cash value of life insurance or annuity contract if the beneficiary is a dependent member of the family and the contract has been owned longer than 2 years.

Misc.

33-1126 - Alimony or child support. Minor child's earnings if debt is not for child.

Other - Add any applicable Federal Nonbankruptcy Exemptions


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This website contains information related to law and is NOT LEGAL advice. It contents is for information only. If you need legal advice, please consult an attorney or act as your own.
All documents typed are prepared by Rica Gilmore.